SAN DIEGO, April 22, 2018 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP is investigating potential claims
against ShiftPixy, Inc., Micro Focus International plc, TrueCar,
and Ulta Beauty, Inc., as detailed below:
ShiftPixy, Inc.
On or About June 30, 2017,
ShiftPixy, (NASDAQ: PIXY) ("ShiftPixy") completed the Company's
initial public offering. The Company successfully raised
$12 Million through the sale of
2,000,000 of its shares to the public at $6.00 per share. However, since the IPO,
ShiftPixy stock has imploded, on April 20,
2018, the stock closed at $3.18.
Specifically, Johnson Fistel's
investigation seeks to determine whether ShiftPixy Company's
filings with the U.S. Securities and Exchange Commission related to
the stock offering contained untrue statements of material facts or
omitted to state other facts necessary to make the statements made
therein not misleading.
If you have information that could assist in this
investigation, including former employees and others, or if you
purchased ShiftPixy shares in the IPO and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonfistel.com) by email or by phone at
619-814-4471. If you email, please include your phone
number.
Micro Focus International plc
Shareholder Rights Law Firm Johnson Fistel, LLP is investigating
potential claims against Micro Focus International plc ("Micro
Focus)" (NYSE: MFGP).
On March 19, 2018, Micro Focus
announced the resignation of its Chief Executive Officer and
revealed that the Company was lowering its constant currency
revenue guidance for the twelve months ending October 31, 2018. Following this news, shares of
Micro Focus plunged.
If you have information that could assist in this
investigation, including former employees and others, and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) by email
or by phone at 619-814-4471. If you email, please include your
phone number.
TrueCar, Inc.
Shareholder Rights Law Firm Johnson Fistel, LLP announces that a
class action lawsuit has commenced on behalf of persons or entities
who purchased or otherwise acquired securities of TrueCar, Inc.
("TrueCar") (Nasdaq: TRUE) between February
16, 2017 and November 6, 2017
("Class Period").
The complaint alleges that throughout the class period
Defendants issued materially false and/or misleading statements
and/or failed to disclose that: (1) that the United Services
Automobile Association ("USAA") had been planning significant
changes to its website that would have a material adverse effect on
the volume of purchases generated by USAA; (2) that USAA made
significant changes to its website that would have a material
adverse effect on the volume of purchases generated by USAA; (3)
that the changes to USAA's website maintained by TrueCar caused a
material adverse effect on the volume of purchases generated by
USAA; and (4) that, as a result of the foregoing, Defendants'
statements about TrueCar's business, operations, and prospects,
were materially false and/or misleading and/or lacked a reasonable
basis.
On November 6, 2017, TrueCar
issued its third quarter 2017 financial results and reported
third-quarter revenue of only $82.4
million. During the conference call that followed, the
Company attributed the unexpected sales miss, in part, to the fact
that its channel partner USAA had undergone a significant website
redesign which impacted traffic and close rates. Following this
news, TrueCar's shares fell more than 35%.
If you purchased shares of TrueCar between February 16, 2017 and November 6, 2017, or if you purchased shares of
TrueCar in connection with the Company's May
2017 secondary public offering at $16.00 per share, and are interested in learning
more about your legal rights and remedies, please contact
Jim Baker (jimb@johnsonfistel.com)
at 619-814-4471. If you email, please include your phone
number.
Ulta Beauty, Inc.
Shareholder Rights Law Firm Johnson Fistel, LLP announces the
filing of a class action lawsuit on behalf of purchasers of the
securities of Ulta Beauty, Inc. (NasdaqGS: ULTA) from March 30, 2016 through February 23, 2018, inclusive (the "Class
Period"). The lawsuit seeks to recover damages for Ulta Beauty
investors under the federal securities laws. Ulta operates as a
beauty retailer in the United
States. The Company's stores provide cosmetics, fragrance,
skincare, haircare, bath and body products, and salon styling
tools, as well as others, including nail products and
accessories.
According to the lawsuit, defendants during the Class Period
made materially false and/or misleading statements and/or failed to
disclose that: (1) Ulta Beauty was engaged in the widespread
practice of repackaging returned cosmetics and re-shelving them
alongside unblemished products to sell at full retail price; and
(2) as a result, Ulta Beauty's public statements were materially
false and misleading at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
Shareholders have until May 1,
2018, to petition the court for lead plaintiff
status.
If you purchased shares of Ulta Beauty
between March 30, 2016
through February 23, 2018, or if
you are an Ulta Beauty shareholder that has held shares in
the Company continuously since at least March 30, 2016, and are interested in
learning more about your legal rights and remedies, please contact
Jim Baker (jimb@johnsonfistel.com)
at 619-814-4471. If you email, please include your phone
number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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